Uzbekistan has lowered the requirement for a minimum size of the charter capital of enterprises with foreign investments.
Uzbek President Shavkat Mirziyoyev signed a decree on “On measures to dramatically improve the investment climate in the Republic of Uzbekistan” on 1 August.
According to the document, the minimum size of foreign investment in the statutory fund of an enterprise with foreign investment is reduced from 30 to 15 percent.
The head of Uzbekistan abolished the requirement for compulsory participation of a foreign legal entity as a participant in an enterprise with foreign investments.
The minimal size of the statutory fund of enterprises with foreign investments has also been reduced from 600 million soums to 400 million soums.
The President reduced the state fee for state registration of enterprises with foreign investment three times.
Now the minimum amount of the statutory fund of the joint-stock company is set at 400 million soums.
